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What is the implied interest rate Mr. Clarkson is paying when he forgoes purchase discounts of 2/10, Net 30 ? From the case, we also
What is the implied interest rate Mr. Clarkson is paying when he forgoes purchase discounts of 2/10, Net 30 ? From the case, we also know that the supplier actually allows Mr. Clarkson to delay payment up to 54 days. In this case, what is the implied annual interest rate? 2/10, Net 54 45%,18% 45%,23% 13%,45% 18%,45%
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